The Bank Otkrytie has provided the Ural Mining-Metallurgical Company with financing in the volume of 15 billion rubles until October 2021. The funds will be spent to refinance current loan obligations and cover operational expenses. “This financing will let UMMC increase business volumes, including by investing in its own development”, the bank said. “The loan…Details
Under the program to increase capacity Kamensk-Uralsky Iron and Steel Works has commissioned a Danieli-Freling finishing stand of the hot-rolling mill. At present the company is testing other machinery as well. The rolling complex project will allow the company producing qualitatively new semi-finished products. The design capacity of the complex is 166 thousand tons. Since…Details
In October miners of the Mezhegeyugol, a part of Evraz, dug out 1731 meters of rock, having set a record in Russia. Each day the miners were able to dig some 60 to 70 meters of rock. In December 2017 Mezhegeyugol miners set their first digging record – 1337 meters. At that time it was…Details
Severstal – Bar Works Balakovo has accepted the basic engineering and started constructing a line to produce briquettes. ATM (Austria) is supplying the machinery. Construction and assembly work is currently underway. The delivery of the main machinery is expected in December. “The technique to produce briquettes by pressing will give us hard, solid briquettes without…Details
In January-September Norilsk Nickel received 146.38 billion rubles of net profit, up by 49.8% YoY. According to the group statement, revenue grew by 45.6%, to 447.53 billion rubles, gross profit – by 57.5%, to 279.52 billion rubles, and sales revenue – by 63.1%, to 249.35 billion rubles. In Q3 Nornickel increased nickel output by 9%…Details
Anthracite, extracted at 11 seized DTEK mines on the Ukraine-uncontrolled territory of Donbass, goes trough Russia to various European Union countries. “According to our information, up to 2 million tons of coal have been shipped from the occupied areas of Donbass. Polish companies bought some 300 thousand tons”, DTEK CEO Maksim Timchenko declared. The company…Details
PJSC ArcelorMittal Kriviy Rih has completed the construction of the servicing terminal at the Karyernaya railway station, intended to fill the diesel locomotives, railway cranes for tracks repairing and refueling trucks with diesel. The latter delivers fuel from the station to the open pits to fill dump trucks, drilling rigs, excavators and other large-sized machinery…Details
Since the start of the washing season, the Baldzha team, developing alluvial gold sites in Zabaikalye region, has obtained 690 kg of the precious metal. According to the regional ministry of environment, the annual quota was set at 300 kg of gold. Thus, the plan has been exceeded 2.3 times. By the end of the…Details
On November 6 the MMK Trading House is celebrating its 10th anniversary. In 10 years the company has increased metal sales in Russia and Kazakhstan to 1.5 million tons a year. The operation of the trading house began at 5 warehouses in Povolzhye and the Urals. The anniversary 30th site was opened in the city…Details
Holding Cable Alliance has supplied products for modernization of the Kola Nuclear Power Plant in the Murmansk region. The total volume of deliveries this year has reached 150 km. “All the cables and wires for the power plant are fire- and explosion-proof. The chance of fire at the NPP are low, but if it does…Details
Orel Steel Works has commissioned another machine under the project to increase fasteners output.
Investments totaled some 140 million rubles.
A new heat hardening machine, the third one, was commissioned in late October. Thus, the company will increase fasteners manufacture to 400 tons per month. (Ukrainian metal)
The board of directors of aluminum giant UC RUSAL has decided to remove the company from registration in Jersey and reregister it as an international company in Russia, according to the company’s statement released on the Hong Kong Stock Exchange on November 5. Hit by the U.S. sanctions, RUSAL said in August it started a…Details
Chelyabinsk Iron and Steel Works has produced over 5 thousand tons of rebars for the construction of the housing district Salavat Kupere (Rainbow) in the city of Kazan.
Some 1.5 million square meters of living quarters will be constructed in the district.
Metal is supplied by Mechel-Service. (Ukrainian metal)
In April-June Korshunovsky Mining and Processing Works increased ore mining by 30% QoQ, to 1.6 million tons. In Q3 ore output grew by 13% more, to 1.8 million tons. In Q2 iron ore concentrate manufacture totaled 522 thousand tons, up by 48% QoQ, and in Q3 – 609 thousand tons, up by 17%. “Early in…Details
The Fund of Bashkortostan industry development could support the new investment project of Beloretsk Iron and Steel Works on ferrous metals processing. Investments planned might exceed 1.1 billion rubles. As one of the tools of support the company mulls a soft loan of 540 million rubles. The loan at 3-5% is to be paid from…Details
In October Energomashspetsstal shipped 230 tons of rolls to three domestic metal enterprises.
Work and back-up rolls have been delivered to Zaporizhstal, Mariupol Ilyich Iron and Steel Works and Kramatorsk Metal Rolling Works LLC.
All the companies are long-time partners of EMSS. (Ukrainian metal)
In spite of the Russian aggression, Ukrainian metal and machine-building companies try to be present on the Russian market and strengthen their ties with traditional clients. This year Metal-Expo-2018 to be hosted in Moscow on November 13-16 will welcome 12 Ukrainian participants, including major and well know in Russia metal companies. Metinvest will traditionally participate…Details
In October Ukraine decreased steel output by 1% MoM, to 1.772 million tons. At the same time pig iron manufacture grew by 6%, to 1.775 million tons, while that of rolled metal dropped by 2%, to 1.523 million tons. In January-October Ukraine produced 17.08 million tons of pig iron, up by 7% YoY, 17.54 million…Details
In January-October Azovstal produced 3.285 million tons of rolled metal, up by 4.4% YoY. Steel output dropped by 4%, to 3.424 million tons, but that of pig iron grew by 0.9%, to 3.149 million tons. In October Azovstal produced 249 thousand tons of rolled metal, 255 thousand tons of steel and 255 thousand tons of…Details
Mangaseia Mining LLC, developing gold ore deposits in Zabaikalye region, in January-September obtained 19.15 thousand ounces of gold, up by 1.6% YoY. In 3 quarters the Kochkovskoye deposits yielded 4.79 thousand ounces of gold, including 3.67 thousand ounces of ore gold and 1.12 thousand ounces of alluvial gold. Savkinskoye deposits decreased output by 23.8%, to…Details
In January-October Kosaya Gora Iron and Steel Works increased ferromanganese sales by 2.3 thousand tons YoY, to 53.6 thousand tons.
In 10 months the company produced 62 thousand tons of ferromanganese, up by 9.1 thousand tons. (Ukrainian metal)
In January-September Rusal received $1.549 billion of net profit, up by 98.1% YoY. The corrected net profit grew by 20.1%, to $873 million. Revenue reached $7.915 billion, up by 9.6%. In Q3 net profit increased by 46.3% QoQ, to $597 million, with corrected up by 55%, to $448 million. Revenue reached $2.918 billion, up by…Details
In October Mariupol Ilyich Iron and Steel Works ascended to the first place among the largest VAT receivers. The company was reimbursed 761.7 million UAH as opposed to 669.4 million UAH in September (second place). According to the State Treasury Service, Zaporizhstal received 486.7 million UAH (616.8 million in September) and Nikopol Ferroalloy Plant –…Details
Prices of precious metals varied in Azerbaijan on November 5, according to the data published by the Central Bank. The price of gold decreased by 1.5385 manats, to 2,095.148 manats per ounce on November 5 compared to the price on November 2. The price of silver dropped by 0.0332 manats, to 25.0249 manats per ounce.…Details
The Central Bank of Azerbaijan (CBA) has received for storage 400.2 kilograms (12,865.2 troy ounces) of gold from Switzerland, the Ministry of Finance of Azerbaijan reported. The gold mined at the Gadabay deposit, after being refined in Geneva, was handed to the CBA to be deposited by the State Service for Controlling Precious Metals and…Details
A technical study inspecting the safety norms of mines in Georgia has been launched, the results of which will be announced in December, says the Economy Minister Giorgi Kobulia. “Only after that it will be decided in which sections of mines work will be renewed. In the meantime, we will pay the miners, as we…Details